Spending on consumer durables decreases as the interest rate increases
Indicate whether the statement is true or false
TRUE
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From the beginning of the 1990s to the year 2000, investment spending as a share of U.S. GDP has tended to
A) decrease. B) remain the same. C) fluctuate wildly. D) increase.
If the Fed wanted to use all of its policy variables to decrease the supply of money, which of following would that include? a. Increasing its open market sales of government securities. b. Increasing the required reserve ratio
c. Decreasing the interest rate it pays banks on bank reserves. d. It would include all of the above.
At college X and at college Y, students pay $3,000 less than the equilibrium tuition. If the supply of openings is the same at both colleges, it follows that a shortage of openings will be greater at
A) college X than college Y. B) college X than the surplus at college Y. C) college Y than the surplus at college X. D) college X than college Y if the demand is greater at college X. E) ?college X than college Y if the demand is less at college X.
Refer to the information provided in Figure 6.8 below to answer the question(s) that follow.
Figure 6.8Refer to Figure 6.8. The total utility of the three movies is ________ and the marginal utility of the third movie is ________.
A. 25; 10 B. 15; 0 C. 28; 3 D. 0; 0